5/19/2016

China’s newbuilding orders rise

China’s shipyards have continued to see newbuilding orders rise over the first four months of this year compared to year-ago level, but the new deals are virtually all concentrated in just 51 yards from among a few hundred in operation. New shipbuilding orders received by Chinese shipyards came up to 13.8m dwt during January to April 2016, representing a jump of 108% compared to the same period of 2015, according to figures from China Association of the National Shipbuilding Industry (Cansi).